Posts Tagged Spreadbetting
So it was an Obama victory and the Dow Jones fell over 300 points!! It was spectacular fall and a mass of profits to be made for those short.
I actually had the perfect entry on this trade. I was short from 13230, near the close of yesterday candle. The market was in a downtrend on the Daily chart and you can see that the price had reject the 13300 level 3 times already and formed a resistance level.
The thing about trading technical signals is that I don't really care about what's happeni
November 7, 2012
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I finally closed my Crude Oil long today and made a nice 120+ points.... a good trade but it was also a fascinating experience for me with regards to my trading emotions.
I mentioned that it was a premature entry which I had made on the 25th October - exactly a week ago. I was overconfident due to a pretty good week trading and put on my crude oil long at 8600. I hadn't waited for a confirmation for my entry so psychologically wise, I wasn't best pleased with myself. However, I had committed
November 1, 2012
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The DOW looks like it's reached a top, a triple top in fact... in the 4 hour chart below, you can see clear resistance where the market has bounced off this showing a pin bar. Looks like there are strong sellers here in the market and a potential place to go short. I have put on a sell at 13560, looking to take this 50 points down to 13510 (which is just above the support level you can see). 50 point stop also.
This is a risk of 1% on my account.
September 24, 2012
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